Moody's places William Hill's ratings on review for downgrade pending proposed acquisition by Caesars
Rating Action: Moody's places William Hill's ratings on review for downgrade pending proposed acquisition by Caesars. Global Credit Research- 06 Oct 2020. London, 06 October 2020-- Moody's Investors Service, has today placed William Hill plc's ratings on review for downgrade, including the Ba3 corporate family rating, Ba3-PD probability of default rating, as well as the Ba3 rating assigned to the company's senior unsecured GBP350 million senior unsecured notes due 2026 and the...William Hill is a gambling company. Co. is engaged in gambling business across four divisions: Online, which comprises all online and telephone activity outside of Australia, including sports betting, casino, poker sites and other gaming products along with telephone betting services; Retail, which comprises all activity undertaken in licensed betting offices including gaming machines; Australia, which provides sports betting products online, by telephone and mobile devices; and U.S., in which Co. is the operator of land-based sports betting shops in Nevada. Other activities include on-course betting and greyhound stadia operations.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.